Shale gas transmission and housing prices
Shale gas transmission and housing prices
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DOI：
10.1016/j.reseneeco.2019.02.001
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发表时间：
2019-08-01
影响因子：
2.9
通讯作者：
Hill, Elaine
中科院分区：
文献类型：
--
作者：
Boslett, Andrew;Hill, Elaine
在这项研究中，我们利用住宅物业销售数据在纽约的外部环境成本的拟议宪法管道，一个高容量的输送管道，旨在运输水力压裂天然气在宾夕法尼亚州的大型东北市场。差异中差异模型的结果表明，位于管道三公里范围内的房产在宣布后价格下降了9%（类似于12，000美元）。这些结果对不同的规格和数据子集以及伪造测试具有很强的鲁棒性。此外，我们发现一些证据表明，随着时间的推移，我们的治疗效果会减弱，这表明随着时间的推移，显着性或预期会下降。我们的研究结果表明，购房者对天然气管道建设和运营的环境外部性的预期是大的和负面的。(C)2019年爱思唯尔出版
In this study, we exploit residential property sales data in New York to value the external environmental costs of the proposed Constitution Pipeline, a high-capacity transmission pipeline designed to transport hydraulically-fractured natural gas in Pennsylvania to large northeastern markets. Results from difference-in-differences models suggest post-announcement price declines of 9% (similar to$12,000) for those properties located within three kilometers of the pipeline. These results are strongly robust to different specifications and subsets of the data, as well as falsification testing. Additionally, we find some evidence of attenuation in our treatment effect overtime, which is indicative of either declining salience or expectations of the pipeline over time. Our results suggest that homebuyer expectations of the environmental externalities of natural gas pipeline construction and operations are large and negative. (C) 2019 Published by Elsevier B.V.